The Company is a Private Limited Company means which has minimum paid up capital of Rs 1 Lac or such higher paid up capital as may be prescribed by article within the meaning of section and 3(1)( iii) of the Companies Act , 1956 accordingly  

(a)  Limits the number of its members to fifty not including   

(i ) Person who are in the employment of the company , and 

(ii) Persons who having been formerly in the employment of the Company , while in employment & have continued to be the members after the employment ceased provided that where two or more persons hold one or more share (s) in the Company jointly , they shall for the purpose of this definition be treated as single member.  

(b) Prohibits any invitation to the public to subscribe for any shares in, or debenture of the Company , and  

(c) Restrict the right to transfer its shares in the manner hereinafter provided .  

(d) Prohibits any invitation or acceptance of deposits from the person other than its member , directors or their relatives.

Important Form & Document Required for incorporation 

1. Memorandum of Association 

• This contain the main object to be pursued by the company on its incorporation 

• The object incidental or ancillary to the attainment of the main object 

• The other object for which the Company is established 

• The liability of the Members

• The authorised share Capitals of the Company. 

2. Articles of Association

• This document contain rules , regulation and by law for the general Administration of the Company.